DAVID THOMAS PAINTING AND DECORATING LTD.

DAVID THOMAS PAINTING AND DECORATING LTD.

DAVID THOMAS PAINTING AND DECORATING LTD. - Company Information

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DAVID THOMAS PAINTING AND DECORATING LTD.

Company Registration Number:
05392843 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

DAVID THOMAS PAINTING AND DECORATING LTD.

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

DAVID THOMAS PAINTING AND DECORATING LTD.

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 91 121
Total fixed assets: 91 121
Current assets
Stocks: 750 748
Debtors:   7,155 4,637
Cash at bank and in hand: 13,031 13,999
Total current assets: 20,936 19,384
Creditors: amounts falling due within one year:   (15,788) (14,165)
Net current assets (liabilities): 5,148 5,219
Total assets less current liabilities: 5,239 5,340
Provision for liabilities: (25) (25)
Total net assets (liabilities): 5,214 5,315
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 5,114 5,215
Shareholders funds: 5,214 5,315

The notes form part of these financial statements

DAVID THOMAS PAINTING AND DECORATING LTD.

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2018
and signed on behalf of the board by:

Name: D J Thomas
Status: Director

The notes form part of these financial statements

DAVID THOMAS PAINTING AND DECORATING LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of goods and services in respect of painting and decorating work done, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc 25% on reducing balance

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquisition of the business in 2005 has been amortised evenly over its estimated useful life of five years.

Other accounting policies

StocksStocks of paint and decorating materials are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Current or deferred taxation assets and liabilities are not discounted.Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Going concernThe director has considered the financial position of the company and believe it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the going concern basis of preparation in preparing the financial statements will continue to be adopted.

DAVID THOMAS PAINTING AND DECORATING LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 2 2

DAVID THOMAS PAINTING AND DECORATING LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Tangible Assets

Total
Cost £
At 01 April 2017 3,478
At 31 March 2018 3,478
Depreciation
At 01 April 2017 3,357
Charge for year 30
At 31 March 2018 3,387
Net book value
At 31 March 2018 91
At 31 March 2017 121